Goldman Sachs Leads SpaceX IPO, Aiming for Record $75 Billion

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 5 days ago

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Record-Setting IPO: SpaceX aims to raise between $70 billion and $75 billion in its IPO, with a valuation range of $1.75 trillion to $2 trillion, potentially making it the largest IPO in history and significantly enhancing the company's market position in the aerospace sector.
Underwriting Team Composition: Goldman Sachs takes the lead left position for the IPO, followed closely by Morgan Stanley, with other banks including BofA, Citi, and JPMorgan also involved, indicating Wall Street's high stakes in this transaction.
Retail Investor Participation: Up to 30% of the shares will be sold to retail investors, tripling the typical percentage for large IPOs, aimed at attracting a broader investor base and enhancing market liquidity and public engagement.
Underwriting Fee Potential: With a $75 billion fundraising target, total underwriting fees could exceed $1 billion, reflecting not only the scale of the transaction but also highlighting Goldman Sachs' competitive edge and market influence in the IPO landscape.

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Technical Analysis for XAI

Technical Sentiment Analysis for Xai (XAI). As of , Xai (XAI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for XAI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, XAI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Xai (XAI) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.00757	0.00863	0.00946	0.0105	0.0113	0.0124	0.0132
Fibonacci	0.00863	0.00935	0.0098	0.0105	0.0112	0.0117	0.0124

About XAI

Xai was developed to enable real economies and open trade in the next generation of video games. With Xai, potentially billions of traditional gamers can own and trade valuable in-game items in their favorite games for the first time, without the need to use crypto-wallets. Anyone can support the Xai network by operating a node which allows them to receive network rewards and participate in governance. Xai is developed by Offchain Labs leveraging Arbitrum technology.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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